MyState Limited announced a net profit after tax for the 2018/19 financial year of A$31.0 million, slightly down on its reported $31.5 million profit last year, and in line with half-year guidance. read more

CBA intends to follow an alternative path for divestment of its Australian life insurance business, CommInsure Life, to AIA Group Limited, and will receive A$150 million less than originally agreed. read more

A small but select number of alleged breaches by NAB of credit law may convert into hundreds of millions of dollars in penalties, at the extreme, if a civil claim bought by ASIC on Friday has merit. read more

Falling residential property values turned into a serious problem for both the seller and buyer of a Sydney property last year. A court has ruled that when the sale fell through because the buyer could not get finance, the buyer was then liable for the shortfall on the resale. A delayed settlement was at the heart of the problem. read more

Retail finance provider Zip Co benefited from growing consumer demand for “buy now pay later” payment options, with an 80 per cent increase in customer numbers over the year to June and a 108 per cent increase in revenue. read more

A homily from David Gonski at Bluenotes is a start. But when it comes to releasing in full the self-assessment ANZ supplied to APRA nine months ago, the bank has no choice but to take this step, however compromising the content.“Three core areas requiring additional board involvement are ‘short-termism’, complexity and accountability,” Gonski said in an alarming little essay. read more

Branded suspect and unaccountable in Banking Day in July, ANZ chair David Gonski has now made some effort to survey themes in the bank’s still unpublished self-assessment supplied to APRA late last year. read more

ANZ New Zealand is pushing back against a FMA decision that the bank should have disclosed the sale of a house to the wife of former CEO David Hisco as a related party transaction in its 2017 financial statements. read more